5. You bought a 20-year, 9.8% semi-annual coupon bond today and the current market rate of return is 3.39%. The bond is callable in 4 years with a $92 call premium. What price did you pay for your bond?

6. A 5.05% annual coupon, 16-year bond has a yield to maturity of 9.18%. Assuming the par value is $1,000 and the YTM is expected not to change over the next year, what should the price of the bond be today?